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DeFi Technologies to acquire minority stake in Swiss-licensed asset management firm Neuronomics AG
2024-12-11 05:51

Odaily Planet Daily News: DeFi Technologies, a decentralized finance and digital asset company, announced that it will acquire a minority stake in Swiss asset management company Neuronomics AG. The specific acquisition amount has not been disclosed. Under the terms of the letter of intent, DeFi Technologies will increase its stake in Neuronomics by subscribing to 10% of Neuronomics' issued and outstanding securities. The acquisition aims to enhance DeFi Technologies' asset management and trading capabilities, diversify revenue sources, and complement the company's professional arbitrage trading platform DeFi Alpha.

According to reports, Neuronomics specializes in quantitative trading strategies driven by artificial intelligence, computational neuroscience and quantitative finance, and holds an asset management license issued by the Swiss Financial Market Supervisory Authority (FINMA). (PRNewswire)